On the same day, the Moroun land company also transferred ownership of the former Detroit Public Schools book depository building at 2231 Dalzelle St. next to the train station to New Investment Properties II LLC.

Xiaomi, the Chinese smartphone giant, shelved plans to sell Chinese depository receipts on the mainland, but will push ahead with plans to raise as much as $6.1 billion in a Hong Kong listing next month, the SCMP reports citing sources.

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